ACI Worldwide, an international provider of electronic payment and banking systems, has announced that major payment device vendors including VeriFone, Ingenico and Equinox support its Point to Point Encryption (P2PE) solutions. P2PE is an emerging encryption technique in the payments industry that protects sensitive cardholder data in transit—as it is transmitted from a merchant’s store to its acquiring bank. ACI’s Point to Point Encryption solutions are used with the company’s leading retailer payments solution, providing a more secure path for consumer transactions.

Data breaches not only result in data loss, but significant and lengthy damage in terms of both brand and customer confidence. As such, many of the world’s leading merchant retailers are deploying ACI’s P2PE solutions to protect cardholder data while also reducing the scope and expense of PCI compliance.

VeriFone, Ingenico and Equinox are among the industry’s leading payment device vendors that support ACI P2PE. They provide secure electronic payment solutions that enable banks and merchants to manage their diverse payment activities across all sales channels—from in-store to online to mobile.